Nifty Elliott wave analysis for 7oct 2020
wave 5 started from 11181 is already trading in its extended zone and 100% projection is at 11696. above 100% projection of wave 5 is a rare case.
And if nifty cross 11696 then we will change wave count as under:
10790-11305 wave (a or i)
11305-11181 wave (b or ii)
11181-116** wave (c or iii) is running.
If we are right in this count then nifty will decline sharply without breaking above 11696.
And if nifty cross 11696 then we will change wave count as under:
10790-11305 wave (a or i)
11305-11181 wave (b or ii)
11181-116** wave (c or iii) is running.
If we are right in this count then nifty will decline sharply without breaking above 11696.
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